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article imageFirst ever gold bullion vending machine opens in Boca Raton

By Andrew Moran     Dec 20, 2010 in Business
Boca Raton - Last week, PMX Gold launched the first ever gold-to-go dispensing ATM at the Town Center Mall located in Boca Raton, Florida. The vending machine offers gold bullion in real-time prices as quickly as possible.
Need some gold bullion on the go? Did you see the U.S. stock market in the newspaper and wanted to garner some gold to hedge against the uncertainty? Gold-to-go could be the answer to your investment woes.
On Friday, PMX Gold LLC launched the country’s first Gold to go ATM gold bullion vending machine in Boca Raton, according to a PR Newswire press release. This machine follows a similar model that was launched in the Abu Dhabi Hotel in Dubai.
PMX Gold offers 10 different bullion products, including 1 gram, 5 gram, 10 gram and 1 ounce gold bars, 1/10 ounce, ¼ ounce and 1 ounce Krugerrand, 1/10 ounce and 1 ounce Kangaroo and 1/10 ounce Maple Leaf. Each item is listed in real-time prices.
The “self-explanatory interface” offers several languages, a receipt output, credit and check card acceptance, local bills and coins and high security mechanisms, including video surveillance.
All purchases come with a money-back guarantee as long as it’s returned within 10 days to the company. The customer will be refunded the purchase price and the percentage change between the purchase date and return date.
“Since the GOLD to go™ ATM" Gold Bullion Vending Machine first came onto PMXO's radar screen, we have invested numerous hours of research and work to develop the initial infrastructure and integrate certain aspects of this concept into our business plan,” said President and CEO, Michael Hiler.
“We have entered into an agreement with Ex Oriente Lux AG ("EOL"), the owner of the technology, to conduct test marketing on an exclusive basis in the State of Florida during an initial three month period, and, on a non-exclusive basis, to assist such company in seeking additional test markets and licensing and franchising opportunities within the United States.”
One ounce of gold is trading at $1,377.60USD.
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